Nigeria’s gross external reserves have climbed to $50.45 billion, making the highest level in 13 years, the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has said.

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has explained the rationale behind the $706.84 million foreign capital inflow into Nigeria.

Nigeria’s banking sector recapitalisation programme has entered its decisive phase, with a total of ₦4.05 trillion in verified capital raised.

Nigeria has secured a permanent seat on the Board of the African Monetary Institute (AMI), strengthening its role in Africa’s financial integration drive, according to the Central Bank of Nigeria (CBN).

Tight Monetary Policy Slashes Inflation by 10% - CBN   Nigeria’s sustained monetary tightening has played a central role in slowing inflation, with research estimates showing that the Central Bank of Nigeria’s policy stance accounted for as much as 10 percentage points of the decline in...

Reps Move to Regulate CBN Operations   The House of Representatives on Thursday took initial legislative steps to strengthen transparency and accountability in the operations of the Central Bank of Nigeria, following the second reading of a bill seeking comprehensive amendments to the Central Bank of...